Possession premises

Sec. 1. (a) This section does not apply to security interests in rents and profits arising from real estate. (b) Unless a mortgage specifically provides that the mortgagee shall have possession of the mortgaged premises, the mortgagee is not entitled to possession of the mortgaged premises. [Pre-2002 Recodification Citation: 32-8-11-1.] As added by P.L.2-2002, SEC.14.